Revenue Update on Wolverine World Wide(NYSE:WWW)

Wolverine World Wide(NYSE:WWW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $583.70M. Analysts estimated a revenue of $578.99M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.23.

In a different note, On Jul 7, 2016, Susquehanna said it Upgrades its rating on Wolverine World Wide. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Positive’ by the firm.

Wolverine World Wide (WWW) made into the market gainers list on Fridays trading session with the shares advancing 0.04% or 0.01 points. Due to strong positive momentum, the stock ended at $24.49, which is also near the day’s high of $24.7. The stock began the session at $24.46 and the volume stood at 11,91,342 shares. The 52-week high of the shares is $29.94 and the 52 week low is $14.74. The company has a current market capitalization of $2,435 M and it has 9,94,44,918 shares in outstanding.

Wolverine World Wide has also declared a cash dividend of $0.0600 on Jul 22, 2016. The shares will quote ex-dividend on Sep 29, 2016 and the record date has been fixed on Oct 3, 2016. The dividend payable date has been fixed on Nov 1, 2016.

Several Insider Transactions has been reported to the SEC. On Nov 2, 2015, Jeffrey M Boromisa (director) purchased 2,500 shares at $18.49 per share price.Also, On Aug 6, 2015, Michael Jeppesen (Pres., Global Operations Group) sold 15,000 shares at $28.43 per share price.On May 12, 2015, Michael A Volkema (director) sold 6,668 shares at $30.70 per share price, according to the Form-4 filing with the securities and exchange commission.

Wolverine World Wide Inc. is a designer manufacturer and marketer of casual footwear and apparel outdoor and athletic footwear and apparel children’s footwear industrial work boots and apparel and uniform shoes and boots. The Company operates in three operating segments: Lifestyle Group consisting of Sperry Top-Sider footwear and apparel Stride Rite footwear and apparel Hush Puppies footwear and apparel Keds footwear and apparel and Soft Style footwear; Performance Group consisting of Merrell footwear and apparel Saucony footwear and apparel Chaco footwear and Cushe footwear and Heritage Group consisting of Wolverine footwear and apparel Cat footwear Bates uniform footwear Sebago footwear and apparel Harley-Davidson footwear and HyTest safety footwear. The Other category consists of the Company’s multi-brand consumer-direct business leather marketing operations and sourcing operations that include third-party commission revenues.

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